CoinMeta data: Today, approximately 18,000 BTC options expired, with a notional value of $1.47 billion. The ratio of put to call options was 1, and the maximum pain point was $83,000. The expiration volume accounted for about 4.5% of Bitcoin option positions. greeks.live researcher Adam stated that the current implied volatility is around 35%, and market expectations for future price fluctuations are at an extremely low level; option buyers remain relatively cautious.